TD Asset Management Inc. raised its stake in EOG Resources Inc. (NYSE:EOG) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,965 shares of the energy exploration company’s stock after buying an additional 4,765 shares during the period. TD Asset Management Inc.’s holdings in EOG Resources were worth $35,199,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of EOG. Tortoise Investment Management LLC purchased a new stake in shares of EOG Resources during the second quarter valued at approximately $100,000. Baker Ellis Asset Management LLC purchased a new stake in shares of EOG Resources during the third quarter valued at approximately $101,000. FTB Advisors Inc. increased its stake in shares of EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock valued at $110,000 after buying an additional 571 shares in the last quarter. Lenox Wealth Management Inc. increased its stake in shares of EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock valued at $122,000 after buying an additional 511 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC increased its stake in shares of EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock valued at $124,000 after buying an additional 1,327 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.
Shares of EOG Resources Inc. (NYSE:EOG) traded down 2.17% on Tuesday, reaching $91.44. 847,044 shares of the company traded hands. EOG Resources Inc. has a 1-year low of $57.15 and a 1-year high of $98.32. The stock has a 50-day moving average price of $93.64 and a 200 day moving average price of $88.15. The firm’s market capitalization is $52.71 billion.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The business earned $2.12 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the business posted $0.02 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. Analysts anticipate that EOG Resources Inc. will post ($1.76) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were given a $0.1675 dividend. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $0.67 annualized dividend and a yield of 0.72%. EOG Resources’s payout ratio is presently -29.65%.
Several brokerages have recently commented on EOG. Clsa Americas upgraded EOG Resources from an “underperform” rating to an “outperform” rating in a research note on Monday, November 14th. CLSA upgraded EOG Resources from an “underperform” rating to an “outperform” rating in a research note on Tuesday, November 15th. restated a “sell” rating on shares of EOG Resources in a research note on Tuesday, August 16th. Credit Suisse Group AG restated a “hold” rating and issued a $90.00 target price on shares of EOG Resources in a research note on Tuesday, August 9th. Finally, Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and a consensus price target of $96.98.
In other EOG Resources news, CEO William R. Thomas sold 16,581 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $92.86, for a total value of $1,539,711.66. Following the transaction, the chief executive officer now directly owns 502,766 shares in the company, valued at $46,686,850.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles R. Crisp sold 14,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $92.69, for a total transaction of $1,297,660.00. Following the completion of the transaction, the director now owns 57,586 shares in the company, valued at $5,337,646.34. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.